CEG Economic Development Week in Review September 15 – September 19, 2025
Stay up-to-date on business and economic development happenings in the Capital Region with the CEG Economic Development Week in Review. Don’t miss out on the developments that are transforming the region by following us on:
REGIONAL ECONOMIC DEVELOPMENT NEWS
Outage Technology Solutions to relocate to Airport Business Park in Glenville
“Another supplier to GE Vernova is moving to Schenectady County, where in recent years the energy equipment giant has announced a slew of investments.
Outage Technology Solutions, a Troy-based machine shop that specializes in power-generation support, is purchasing a 14,000-square-foot facility at the county’s Airport Business Park in Glenville, according to the Schenectady County Metroplex Development Authority.”
CDC intends to award RPI contract for vaccine-autism research
“The U.S. government may tap researchers at Rensselaer Polytechnic Institute to investigate if there are links between vaccines and the prevalence of autism — a relationship that vaccine skeptics have long championed without evidence.
The Centers for Disease Control and Prevention, which operates within the U.S. Department of Health and Human Services, intends to award the Troy institution a bid-free contract to take on such research, Reuters and Axios first reported.”
Shelter Enterprises plans to buy Crane Stationery site in Cohoes
“A family-owned maker of plastic foam used in construction intends to acquire a second facility in Cohoes to help it meet customer demand.
An entity related to expanded-polystyrene manufacturer Shelter Enterprises Inc. plans to purchase 461 Saratoga St. in Cohoes, for years the home of Crane Stationery, for $2.6 million, according to Albany County Business Development Corp. documents.”
Best Companies expanding to Scotia with fire restoration HQ
“A long-vacant warehouse located in the middle of a residential neighborhood in the village of Scotia has a new owner.
Best Companies, a Schenectady-based dry cleaner that also operates a fire restoration and logistics business, will be moving into the former Pine Ridge Industries building at 52 Market St.”
Schenectady 2025: Mohawk Harbor, abandoned to destination
“If you head to a Union College hockey game at the new M&T Bank Center at Mohawk Harbor this fall, with maybe a stop along the way to gamble at the casino or to grab dinner at one of the restaurants in the harbor complex, pause for a moment to imagine that the waterfront was once destined to become — a tire recycling plant.
Before the hockey arena, casino, apartments and three hotels at the site were conceived, a proposal to install a tire recycling plant at the former American Locomotive Company [ALCO] property was considered by the city’s prior economic development regime two decades ago.”
Shelby Schneider takes the lead at Upstate Capital Association of NY
“Longtime economic development executive Shelby Schneider’s career has spanned local and state-level organizations.
Her latest role is a different angle on that work: Schneider became the CEO of the Upstate Capital Association of New York in March.”
Morcon Tissue Moves To Larger Greenwich Facility To Support Rapid Sales Growth
“Morcon Tissue’s move from Eagle Bridge to a larger Greenwich site is expected to accelerate already fast-paced sales that have grown from $20 million to $125 million annually since 2013, when President and CEO Joseph Raccuia purchased the firm.
Morcon buys large rolls of paper—more than eight feet wide—from domestic and overseas suppliers and converts it into disposable napkins, towels and tissue for the away-from-home market, which includes restaurants, nursing homes, hospitals and sports arenas.“
Warren County Tourism Spending Tops $928M In 2024, Bolstering Local Tax Revenues
“Visitors spent nearly $2.5 billion in the Adirondack Region last year, up from $2.3 billion in 2023, with Warren County representing 37 percent of the region’s tourism sales ($928 million). Essex County narrowly led with 39 percent ($964 million), according to the latest statewide impact study by Tourism Economics.
The Adirondack Region, defined as Clinton, Essex, Franklin, Hamilton, Lewis and Warren counties, continues to rely heavily on tourism. Nearly 19 percent of all employment in the six-county area is generated by the industry. Warren County led the region in 2024, supporting 8,610 tourism-related jobs.”
